1st Choice Lending

Same $750K house. Three down payments. Here's what actually changes.

3% down ($22,500): highest monthly payment, PMI included — but you're IN, and PMI drops at 22% equity.
10% down ($75,000): lower payment, smaller PMI, and you kept $50K+ of savings for repairs, moving, life.
20% down ($150,000): no PMI, lowest payment — and for most first-time Valley buyers, 3+ years of additional saving while prices climb.

There is no universally "right" answer. There is a right answer for YOUR savings, YOUR timeline, and YOUR market. That's a 30-minute conversation, not a rule of thumb.

The expensive mistake isn't picking the wrong down payment. It's waiting years to save 20% because someone told you that was the rule.

Example for illustration — rates change daily. Call for your real numbers.

Call First Choice Lending or visit myfirstchoicelender.com.

We make it easy.



Ca. Real Estate Lic. 322768

"We were looking at $650K. First Choice Lending showed us the math on $750K. The difference was $90 a month."

Why does this happen? Three reasons buyers consistently mis-guess their range:

1. They assume every $50K of price means hundreds more per month. On a 30-year loan, $50K of principal moves the payment far less than people expect.
2. They compare a no-HOA house to an HOA condo as if they're the same product. They aren't.
3. They forget PMI is temporary. It drops off at 22% equity — the quote you saw includes it forever.

Sometimes the math says look LOWER, and that's just as valuable. The point of the Clarity Method isn't to stretch you — it's to put you where the payment actually fits your life.

Stop guessing your range. It takes 30 minutes to know it.

Example for illustration — rates change daily. Call for your real numbers.

Call First Choice Lending or visit myfirstchoicelender.com.

We make it easy.



Ca. Real Estate Lic. 322768

$600K vs $750K vs $900K in the Valley — what actually changes in the monthly payment?

Buyers assume the jump between price tiers is bigger than it is. Sometimes it is. Sometimes $150K of price is the difference between a condo with a $450 HOA and a house with none — and the monthly gap nearly closes.

The point: you can't compare homes by list price. You compare them by total monthly cost. Taxes scale with price. HOA doesn't care about price. PMI depends on your down payment, not the home.

We build this comparison for clients in one call — your three real candidates, side by side, every line item.

Example for illustration — rates change daily. Call for your real numbers.

Call First Choice Lending or visit myfirstchoicelender.com.

We make it easy.



Ca. Real Estate Lic. 322768